Gores Metropoulos, Inc. was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
Gores Metropoulos, Inc. (NASDAQ: GMHIU) (the “Company”) announced that,
commencing March 25, 2019, holders of the units sold in the Company’s
initial public offering of 40,000,000 units completed on February 5,
2019 may elect to separately trade the shares of Class A common stock
and warrants included in the units. Those units not separated will
continue to trade on the NASDAQ Capital Market under the symbol “GMHIU,”
and the Class A common stock and warrants that are separated will trade
on the NASDAQ Capital Market under the symbols “GMHI” and “GMHIW,”
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy the securities of the Company, nor shall
there be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or jurisdiction. The offering was made only by means of a
prospectus, copies of which may be obtained by contacting Deutsche Bank
Securities Inc., Attn: Prospectus Department, 60 Wall Street, New York,
New York 10005, telephone: 800-503-4611 or email: email@example.com;
Credit Suisse Securities (USA) LLC, Attn: Prospectus Department, Eleven
Madison Avenue, New York, New York 10010, telephone 800-221-1037 or
or Goldman Sachs & Co. LLC, Attn: Prospectus Department, 200 West
Street, New York, New York 10282, telephone: 866-471-2526 or email: firstname.lastname@example.org.
About Gores Metropoulos, Inc.
Gores Metropoulos, Inc. was formed for the purpose of effecting a
merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more
businesses. The Company’s strategy is to focus on acquisition
opportunities in the consumer products and services industries, but it
may also pursue acquisition opportunities in any business industry or
sector that complements the management team’s operating experience. The
Company intends to capitalize on the ability of its management team to
identify, acquire and manage a business that can benefit from its
operational expertise, as members of the Company’s management team have
done in diverse sectors, including industrials, technology,
telecommunications, media and entertainment, business services,
healthcare and consumer products.
The Company is led by Dean Metropoulos, its Chairman, and Alec Gores,
its Chief Executive Officer, who together have more than 65 years of
combined experience as entrepreneurs, operators and private equity
investors. Over the course of their careers, Mr. Metropoulos and Mr.
Gores and their respective teams have invested in more than 180
portfolio companies through varying macroeconomic environments with a
consistent, operationally-oriented investment strategy.
This press release may include “forward-looking statements” within the
meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities Exchange Act of 1934, as amended. All
statements other than statements of historical fact included in this
press release are forward-looking statements. When used in this press
release, words such as “anticipate,” “believe,” “estimate,” “expect,”
“intend” and similar expressions, as they relate to us or our management
team, identify forward-looking statements. Such forward-looking
statements are based on the beliefs of management, as well as
assumptions made by, and information currently available to, the
Company’s management. Actual results could differ materially from those
contemplated by the forward-looking statements as a result of certain
factors detailed in the Company’s filings with the Securities and
Exchange Commission (“SEC”). All subsequent written or oral
forward-looking statements attributable to us or persons acting on our
behalf are qualified in their entirety by this paragraph.
Forward-looking statements are subject to numerous conditions, many of
which are beyond the control of the Company, including those set forth
in the Risk Factors section of the Company's registration statement and
preliminary prospectus for the Company’s initial public offering filed
with the SEC. The Company undertakes no obligation to update these
statements for revisions or changes after the date of this release,
except as required by law.